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Global X Financials Covered Call & Growth ETF FYLG

Is Global X Financials Covered Call & Growth ETF Halal?

Shariah Compliance Analysis of FYLG ETF

No. As of October 2026, Global X Financials Covered Call & Growth ETF (FYLG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FYLG was created on 2022-11-21 by Global X. The fund's investment portfolio concentrates primarily on financials equity. The ETF currently has 4.44m in AUM and 76 holdings. FYLG tracks an index that holds S&P 500 financial stocks and sells one-month, at-the-money call options on up to 50% of each stock.

FYLG Shariah Compliance

As of October 2026, Global X Financials Covered Call & Growth ETF is classified as not halal.

NOT HALAL

Global X Financials Covered Call & Growth ETF (FYLG) Chart

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